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It does this by compelling fund companies to give mutual fund investors a more detailed list of fees and require managers to disclose their personal holdings in funds they manage.
The directive requires private-equity managers to disclose details of quite small companies within their portfolios.
It also requires most institutional investment managers to disclose their votes on such questions.
Last year, the S.E.C. began requiring mutual fund managers to disclose their votes on proxy matters.
It makes sense to force fund managers to disclose their investment strategies, their past performance and their expenses.
Financial authorities in Tokyo have called on fund managers to disclose more information to investors about their holdings.
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"The attorney-general should not have filed this case because Mr Villalobos has always acted appropriately," says Neal Stephens, Mr Villalobos's lawyer.Last year CalPERS changed its policy to force external money-managers to disclose whether they are using placement agents to solicit business and how much they are paying them.
Alert conscience Integrate youth education programs Ethics training for all staff 4. Deflect offenders 9. Utilize place managers Management obligation to disclose abuse immediately to authorities Staff supervision 14.
Cynthia Roseberry, the group's manager, declined to disclose their identities.
Though the manager refused to disclose other details, she stated this was the employee's first disciplinary incident in his employment history.
I think she can talk to her manager and ask her manager to the degree that the manager is able to disclose this, what she sees as the future of the company.
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